Quanzhou Textile And Garment Industry Can Increase Tax Rebate By 165 Million Yuan This Year.

The export rebate rate of some commodities is rising now. The textile and garment industry in Quanzhou can increase the tax rebate by 165 million yuan. Yesterday, the Ministry of Finance and the State Administration of Taxation issued the notice on adjusting the export tax rebate rate for some textiles and garments. From today on, the export tax rebate rate of some textiles and garments increased from 11% to 13%, and the export tax rebate rate of some bamboo products increased to 11%.

At the same time, the export tax rebates for some products with high energy consumption, high pollution and resources will be abolished at the same time, including red pine nuts and some pesticide products, some organic arsine products, paclitaxel and its products, rosin, silver, zinc zero, some coating products, some battery products, and carbon anode.

(c) the tax rebate rate ranges from textile yarn, chemical filament yarn, floc and nonwoven fabrics, coating, knitwear and crochet knitted fabrics, garments and other textile products and some bamboo products to almost all of the textile and apparel products from the 50 to the 63 chapter.

The export tax rebate rate of commodities mainly concentrated in textile and clothing export commodities, according to statistics, last year, our textile and garment export total value of 3 billion 423 million U.S. dollars, of which self export 1 billion 510 million U.S. dollars, 1 to June this year, self export 788 million U.S. dollars, the adjustment of the export tax rebate rate involving 86% of the total textile and clothing in our city.

According to the current tax rebate level, the tax rebate rate raised by one percentage point per tax can be increased to RMB 0.06 yuan per US dollar, and the increase of two percentage points will increase 0.12 yuan per US dollar.

According to the export situation this year, it is estimated that after May this year, the export value of textile and clothing will be about 1 billion 600 million US dollars, of which the self export volume is about 670 million US dollars. The whole textile and garment industry can increase the tax rebate income by 165 million yuan, of which the self export enterprises can increase the tax rebate income by 70 million yuan.

The adjustment of the export tax rebate rate will play a positive role in promoting the export of our city.

In the commodities which abolished the export rebate rate, our city only covered some battery products, and the export volume was small. The export volume in the first half of 2008 was about 3 million US dollars.

The adjustment of the tax rebate rate is an effort made by the central government to ease the difficulties of textile and garment enterprises and reduce the impact of macro-control on textile and garment enterprises.

The Municipal Bureau of foreign trade and economic cooperation reminded enterprises to seize the opportunity to raise the export rebate rate, adjust export strategies in a timely manner, and expand the export of textile and clothing.

We should continue to improve the quality of products, cultivate the export brand road, enhance the core competitiveness of enterprises, accelerate the pace of technological upgrading, vigorously develop new products, increase the export volume of high-grade and high value-added products, and export products into the high-end market.

Enterprises should be encouraged to pass the international standards and quality system certification, attach importance to the overseas registration of trademarks, and enhance their ability to deal with international trade barriers.

To strengthen industry coordination and ensure orderly export, textile and garment industry associations should play a coordinating role, strengthen industry self-discipline, coordinate and coordinate external quotations, prevent mutual bargain prices, reduce disorderly competition, avoid foreign anti-dumping investigations, and create a healthy and orderly export environment.